“In May of this year, climate change litigation made global headlines in the wake of an unprecedented judgment issued by the Hague District Court in the case ofMilieudefensie v Shell. The court ordered Shell to enhance the ambition of its greenhouse gas emissions reduction efforts, requiring the company to set — and meet — companywide emissions reduction targets of 45% below 1990 levels by 2030.
While this case was the first of its kind, it is also part of a growing global body of climate change litigation, which is playing an increasingly critical role in the domestic implementation and enforcement of the Paris Agreement.”
[COMMENTARY]Many companies could be faced with this type of court challenge in the years ahead. Naturally, stock valuations could be affected too. So it’s something to become familiar with. This is an excellent article from the London School of Economics on the subject.
What can corporate actors learn from climate change litigation? By Catherine Higham and Joana Setzer, October 4, 2021, London School of Economics, UK.